LICENSED PUBLIC HOUSE - FOR SALE WITH MIXED USE DEVELOPMENT POTENTIAL 175 DEAN ROAD BO NESS EH51 0HD Excellent business or development opportunity Ideal property for hands on owners Highly visible prominent corner location on Main Road Site Area: 0.116 hectares (0.287 acres ) Potential mixed use development site, subject to planning Price - offers invited over 195,000 Licensed and Leisure
The property sits on a site of approximately 0.116 acres (0.287 acres) which includes front and side car parking area and a garden area to the rear. There are two small retail properties immediately to the north-west side of the property which are under separate ownership. Internally the property comprises a ground floor traditional public bar with pool room and fairly large function suite which has its own bar servery and gantry. The first floor comprises a two bedroom residential flat with lounge, kitchen and bathroom. There is a large area of garden to the rear of the property. Accommodation The property is arranged to provide the following accommodation: Bar Location Bo ness is a small coastal town on the south bank of the Firth of Forth within the Falkirk Council area. The town is located approximately 17 miles north-west of Edinburgh and 7 miles east of Falkirk and has a population of around 14,500. A former coal mining town, Bo ness is now mainly a commuter town with many of its residents travelling to work in Edinburgh, Glasgow and Falkirk. One of the main sources of local employment is the Ineos Petrochemical Plant at nearby Grangemouth. The Lea Rig occupies a highly visible main street location at the north-west end of Dean Road within close proximity to local amenities in an area of primarily local authority or former local authority housing. Description The Lea Rig is a part two storey, part single storey brick or block built property with roughcast and painted external walls and sits under a pitched and tiled roof. The bar is entered from the main entrance at the front corner of the property off the car parking area leading to a very traditional bar. The bar is decorated and fitted out as traditional basic public bar with vinyl floor tiles. Seating for approximately 25 customers is provided by means of fixed upholstered wall seating and traditional individual bar furniture. Pool Room The pool room is accessed immediately to the left of the entrance lobby and is fitted out and decorated in similar style to the bar with vinyl floor tiles. Seating is primarily provided by fixed upholstered wall seating for approximately 15 people. Lounge / Function Suite The function suite which sits within the single storey part of the building has its own external entrance off the front car parking area and also an internal link from the bar area. This facility is fairly large and able to cope with all types of functions including small weddings. The floor is carpeted throughout with a small timber dance floor in the centre. Seating for approximately 65 persons is provided by a mixture of fixed upholstered wall seating and traditional bar furniture. The lounge/function suite has the benefit of its own bar and gantry and customer toilets.
Accommodation We have measured the Gross Internal Area of the accommodation to be as follows: Ground Floor Public House 1,984 sq ft 184.28 sq m Basement 393 sq ft 36.46 sq m First Floor Flat 846 sq ft 78.64 sq m TOTAL GIA 3,223 sq ft 299.38 sq m Rating Licence We understand from the Local Assessor s website that the subjects have the following rating assessment:rateable Value UBR (2016/17) Rates Payable 13,500 0.484 6,534 (exclusive of water/sewerage) Under the small business rates scheme, properties with a Rateable Value between 12,000 and 18,000 may qualify for 25% relief on rates payable depending on individual circumstances. Further enquires on potential rates relief are to be made direct with the Local Authority. Ancillary Areas & Toilets A kitchen and office area together with storage accommodation is located to the rear of the bar servery area. The gent s toilet is located off the pool room and there is a further gent s toilet located in the hallway between the bar and the lounge/function suite. The ladies toilet is located off the lounge and can only be accessed through that area. Residential Flat The residential flat on the first floor is accessed by means of an external entrance doorway adjacent to the entrance to the Lounge/Function suite. It is arranged to provide a lounge, two bedrooms, kitchen and bathroom. Trading Information The premises are owned by Punch Taverns and have historically been leased out. We are not in receipt of any trade information in relation to the business which can be relied upon by any prospective purchaser. Purchasers are therefore asked to assess their own opinion of likely sales and profitability for the business. We understand from Punch Taverns that the Lea Rig holds a current Premises Licence. Further information is available upon request. Planning We have been advised verbally by the local planning authority that the property has permission for the existing use. Energy Performance Certificate EPC Rating = G. Further information or a copy of certificate can be made available upon request. The Opportunity The Lea Rig represents an ideal opportunity for a new operator to take the reins of a fairly attractive long established public house which is located on a prominent main road location. At present the kitchen is very small, but there is potential to totally refurbish or extend the existing kitchen area or create a new kitchen to provide a full catering kitchen to either make this a more food orientated public house or even convert into a full restaurant operation.
The property would particularly suit an individual or couple operating as owner occupier with the drive to take the business forward and develop the business to its full potential. Given the location, size and type of property and the potential increased demand for residential properties in the area the property is considered to have potential for a mixed retail/ residential development subject to the relevant planning and other statutory consents being obtained. Tenure Outright ownership. Terms The premises are available for sale. Any stock will be additional and payable at date of entry. The premises are available for sale at a price in excess of 195,000. Legal Costs Each party will be responsible for their own legal costs incurred with the purchaser being responsible for any Land and Buildings Transactional Tax, recording dues and VAT as applicable. Value Added Tax Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser must satisfy themselves independently as to the incidence of VAT in respect of any transaction. Viewing / Further Information The premises are still occupied therefore viewing is strictly by appointment through the sole selling agent, Ryden LLP. Andrew Macpherson Alan Herriot Mobile 07785 951090 Tel: 0131 473 3382 / Mob: 07880 722326 andrew.macpherson@ryden.co.uk alan.herriot@ryden.co.uk
Site Plan for indicative purposes only Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warra nty whatever in relation to this property.
Licensing Plan for indicative purposes only Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warra nty whatever in relation to this property.